I am having a very hard time with this psychological aspect of trading. I trade a discretionary chart reading method based on momentum reading and accumulation / distribution chart patterns. Been studying the method / charts for close to 10 months now and there is definitely an edge there in my ability to foresee possible moves before they happen. It's not perfect, and I get confused between time frames still but it is a method with an edge. The problem is that when I start trading with leverage on full size futures contracts I have a run of good trades and make some money but then as soon as I get caught in a bad trade where I am wrong in my analysis or my entry is not that great, I just let my account bleed out and only bail when the pain is very bad, rather than when I knew I should have. There is some kind of psychological issue that makes me self sabotage for being wrong on the trade, like a punishment or something. I know I should bail but just cannot bring myself to doing it, then after I feel terrible shame for not being able to act. I've read both the Mark Douglas books multiple times, read Psycho-Cybernetics and spend lots of time thinking about this stuff but still last week I got blown out on a stupid trade where I couldn't accept that my entry was wrong! This was after a month and a half of daily trading on GC / CL. I can imagine that this is a common enough issue for discretionary traders. I am getting tired of blowing out accounts or getting margin calls. I don't want to give up on trading but I cannot seem to learn this very important risk management lesson for some reason. It's frustrating to have to keep funding my account out of my savings. I have enough to keep doing this for a long time but still it is not an ideal situation obviously. This is a lesson that I must learn NOW before I do even more damage to myself financially and emotionally. Has anyone that had this issue been able to over come it? How long did it take? What path did you take to get your head right?